PERENCO NORTH SEA LIMITED

1. PERENCO NORTH SEA LIMITED 2011-03-25 → present
2. BRIDGE NORTH SEA LTD. 2005-12-08 → 2011-03-25
3. LEDGE 905 LIMITED 2005-11-25 → 2005-12-08

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared cash flow forecasts for the Parent group for a period of at least 12 months from the date of approval of the financial statements. Such forecasts include a number of sensitivities regarding impacts of gas and oil prices, together with potential disruptions to expected production volumes. Based on these forecasts, the Directors have, at the time of approving the financial statements, a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements. Furthermore, resources will be provided by the Parent company where necessary to ensure obligations are met as they fall due and for a period of at least 12 months after these financial statements are signed, and a letter of support has been obtained from Perenco UK Limited.”

Significant events

• “On 10th April 2025, the directors agreed to cancel the share premium account in its entirety and crediting it to its distributable reserves.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +9.1%

  £41,567,000 → £45,341,000

• Cash

  —

  Not reported

• Net assets

  +3.6%

  £103,637,000 → £107,377,000

• Employees

  —

  Not reported

• Operating profit

  +47.8%

  £18,225,000 → £26,943,000

• Profit before tax

  +54.4%

  £16,392,000 → £25,305,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers